Wall Street’s main stock indices are trading higher this Wednesday (6), with investors optimistic about an agreement between the United States and Iran to end the war.
At around 2 pm, Brasília time, the Dow Jones rose 1.03%, to 49,804 points. The Nasdaq gained 1.42%, to 25,684 points, and the S&P 500 advanced 1.02%, to 7,333 points.
The S&P and Nasdaq closed at historic highs on Tuesday (5). The Dow Jones was less than 1% from its last all-time high, recorded in February.
Stocks were also boosted by excitement around artificial intelligence and a robust U.S. corporate earnings season.
As of May 1, the S&P 500’s first-quarter annual earnings growth rate was on track to be the highest since the end of 2021, according to John Butters, senior earnings analyst at FactSet.
“Wall Street continues to bet that the war in the Middle East will not intensify again and interrupt the market’s historic rally, driven by corporate earnings,” highlighted Kyle Rodda, senior financial market analyst at Capital.com, in a note.
Oil futures prices plunged after reports indicated that the United States and Iran were close to an agreement on a one-page memorandum to end the war in the Middle East. The information came from a Pakistani source, mediator of the negotiations, familiar with them.
Brent oil, a global reference, in July, fell more than 6%, to around US$ 102.80 per barrel – earlier, the commodity was traded below US$ 100. WTI, a reference in the American market, in June, also fell more than 6%, to approximately US$ 96 a barrel.
*With information from CNN International
